Category Archives: Syndicated
The Fed Tipped Investors On Operation Twist
Forbes – It could be the Terrific Ten large cap stocks that hedge funds have concentrated their bets that’s made 2011 a losing year for big money. Thanks to the Zerohedge web site and my mysterious competitor Tyler Durden that we know […]
FSA fines hedge fund compliance officer
Banking Business Review – The Financial Services Authority (FSA) has fined hedge fund compliance officer Sandradee Joseph £14,000 for failing to act with due skill, care and diligence. FSA has also banned Joseph from performing any significant influence function in regulated […]
DMS’ Seymour calls for CIMA regulation of fund directors
Cay Compass – Don Seymour, managing director of DMS Management, one of the largest fund governance firms in the Cayman Islands, called for closer regulation of hedge fund directors by the Cayman Islands Monetary Authority and the introduction of a […]
Hedge Funds Are An Expensive Way To Lose Money
Forbes – A recent article by Stephen Taub (“More than 80% of Hedge Funds Underwater”, Institutional Investor,October 21, 2011) found that 80% of hedge funds lost money on a year-to-date basis, as of September 30. I think hedge funds play a diversifying role in […]
Texas Permanent School Fund going direct with partnerships
Pensions & Investments – Texas Permanent School Fund, Austin, on the recommendation of its investment staff, is restructuring its $2.5 billion hedge fund portfolio to move from a fund-of-funds approach to direct investment through strategic partnerships. The Permanent School Fund […]
Asia hedge funds embracing transparency to win cash
Reuters – Asian hedge funds, starved of capital, are increasingly giving up their treasured secrecy and allowing clients more control of their investments in order to draw money from institutions. The so-called managed accounts that more Asian hedge funds have […]
Ohio Highway Patrol pension fund picks up Pinnacle to run hedge funds of funds
Pensions & Investments – Ohio State Highway Patrol Retirement System, Columbus, hired Pinnacle Asset Management to run $10 million in a hedge fund of funds, Dan Weiss, executive director of the $692 million system, confirmed in an e-mail. An RFP was issued […]
EU proposals for credit ratings rules require close monitoring by hedge funds
Hedge Funds Review – The European Commission has proposed new rules for the issuance and use of credit ratings, including requirements that hedge fund managers look beyond ratings when evaluating credits. Proposals for rule changes on the issuance and use of […]
Hedge fund compliance officer banned for post-Lehmans failings
IFA Online – The FSA has banned a hedge fund manager and fined him £14,000 for failing to spot attempts by an employee to hide huge losses caused by the collapse of Lehman Brothers. Dr Sandradee Joseph was compliance officer […]
How can one Independent Director serve 567 hedge funds?
Opalesque – According to Taxjustice.blogspot.com, a Financial Times investigation on Independent Directors of hedge funds reveals that at least four individuals hold more than 100 non-executive directorships each, and 14 have more than 70 – each worth as much as $30,000 a […]
Jefferies blames lies, hedge funds as shares plunge
Times Colonist – New York-based investment bank Jefferies Group Inc. lashed out at “malicious lies” spread by unnamed hedge funds Monday, blaming them for a plunge in its stock that has sent shares to three-year lows. In a letter addressed […]
Winton Gets 10% of All New Money as Investors Flock to Biggest Hedge Funds
Bloomberg – Winton Capital Management LLC, the London-based firm founded by David Harding, collected more than a 10th of the cash flowing into hedge funds this year as a handful of managers dominated money-raising. Winton, with $26 billion in assets, […]